Are you sure? I have the Vanguard specialization unlocked and almost a full set of clothes unlocked with ballistic protection which should give me, 75% bullet resistance yet a single barrage of bullets from one of the hunters will leave me with near no health.
There was an issue where bullet resistance was bugged, idk if it was fixed but if you can actually supply evidence of it not working it would be very much worth to do a bug report.
E.g. use no bullet resistance clothing, get hit by a Tank railgun, screenshot health, and then do the same with the full clothing, take screenshot, then do the same with clothing + perks, screenshot.